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20130113
20130121
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. someone get me a latte will ya, please? >>> time to talk taxes with passage of proposition 30 more californians pay the highest state income tax in the nation. will the latest bump push them out? we bring in larry gerston and there's a lot of money at stake here. >> we need wealthy people here. that's for sure. here's why, jessica. before proposition 30 passed, the wealthiest 1% of californians paid 40% of all state income taxes or about $20 billion annually. that's particularly important because the income tax itself accounts for more than 60% of the state general fund. and the proportion paid by the wealthy will be even higher once proposition 30 kicks in. >> it's not really realistic to think that rich people will up and leave the state. >> there are no indication of wealthy flight that's for sure. it's just the opposite. according to public policy institute of california, the ones that leave every year have low incomes, little education and higher unemployment rates more so than the state as a holhol whole. even after voters pass the millionaires tax in 2004, the state still ma
more than expected in december, up half a percent. they ignored worries about higher taxes. consumption makes up 70% of the u.s. economic growth. the debt ceiling debate, presidential report card and quiet market rally. what does it mean for you money? joining us right now, jared bernstein, center on budget and policy priorities and chief economist to vice president biden. also with us, russ koesterich. thanks for joining us. >> thanks, maria. >> russ, let me kick it up with you. a pretty good rally. on thursday the s&p 500 hitting yet another five-year high. is this rally for real? do you think it's sustainable going forward as we continue through this earnings period? >> i think in the short term, it is. i think we're probably going to hit a road bump in february. the reason i say that is we've got a lot of flows coming into the market early in the year. people were nervous in december. they're coming back in to stocks. that's a good thing over the longer term. we do have some issues coming up. the debt ceiling obviously one of them. the second question is we start to get the economic
also raise taxes and, by the way, i'm not going to negotiate on the debt ceiling. if past is pro log, i don't think the market or the private sector is going to pay attention to this until the last minute, which means sometimes in the first few weeks of february. >> do you think we will see spending cuts, and by the way, do you think we'll see even higher taxes, greg? >> well, i think we will but i don't think we're going to see it in the form of the grand bargain. i think that kind of both that phrase and that method of doing deals is basically dead. it just doesn't work. the president believes that the speaker of the house of representatives john boehner, he just can't deliver. republicans, there's a deep lack of trust with respect to the administration. my expectation is that you're going to see a lot of muddle through this year. you might see the debt ceiling raised in one-month increments. i think you're going to have to get used to this pervasive patchwork and lack of certainty. >> jerry, i don't know how good that is. listen to what greg is saying. months by month you're going to
if you're filing your taxes online, pick the best tax software available... with h&r block at home. this is power software created by the tax experts at h&r block. and only h&r block software backs you up with free audit support and in person representation from a tax professional. file for free now at hrblock.com. ♪ made with only milk... cream... a touch of sugar... and pure natural flavors. ♪ who knew being natural could be so delicious? coffee-mate natural bliss. from nestle. add your flavor naturally. >> announcer: "today" at the golden globes is brought to you by l'oreal paris, because you're worth it. >>> the chance to host the golden globes arrival special gave us an opportunity to see a lot of the fashions up close and personal. we did that. >> we did. and here to break down the night we had julian ewe guiliana rans. you're the experts. >> good morning. >> why don't we give the guys a chance to start. >> oh, the men. >> always ignore them. >> it will turn out to be all about the women anyway, right? hugh jackman, what did you think of his out fit? >> i thought he was t
laundering, tax fraud and filing false tax returns. it's alleged nagin took flat-out cash kickbacks from city contractors. he ran as a reformer, even in the long history of corrupt government officials in new orleans, this federal indictment is a first. some time ago, ray nagin left new orleans and moved to dallas, texas. >>> more bad news for boeing after the faa grounded all their 787 dreamliners while they investigate some onboard problems. boeing has now suspended deliveries of the aircraft to customers. this has been a huge blow to the big seattle manufacturer, because of what the 787 means in their fight for market share with airbus of europe. boeing has nearly 800 orders for new dreamliners in these coming few years. >>> in washington tonight, with our latest polling showing the gop at its lowest approval rating in years, there are indications the party is trying to avoid being seen as obstructionist in this coming fight over the debt ceiling. in a big shift today, house republicans said they will vote to lift the limit for three months, but on the condition that the senate passes a bu
. >> the irs issued letters recognizing scientology and every one of its organizations as fully tax exempt. the war is over! >> reporter: october 1993, thousands gather in los angeles to celebrate as the leader of the church of scientology announces victory over the irs. for years, the u.s. government had refused to recognize scientology as a religion and was demanding it pay $1 billion in back taxes. after a bitter legal battle, the irs relented and granted tax exempt status. >> there will be no billion-dollar tax bill which we can't pay. there will be no more discrimination. >> i think scientology has a lot to account for because it's protected as a religion under the first amendment. it's able to get away with a lot of things. >> reporter: author lawrence wright has written a new book out today called "going clear, scientology, hollywood and the prison of belief." wright says the victory over the irs allowed scientology to build capital and power, power, he says, the church has exploited. >> what they're doing is abusing their own members, shaking them down for money, wreaking vengeance
to take those things like taxes, and then perhaps leading to a primary challenge for those republicans who voted in favor of higher taxes. chris: somebody on the hard right then? >> as we saw in recent elections democrats have a pretty good track record in general elections against some of these fringe candidates. chris: well said. >> chuck hagel. big discussions. unlike with susan rice where she hung fire for weeks and was dropped, or she dropped herself, this time he stuck with hagel after all the heat against him on -- some from the gays and the left and the neo-cons and where is he heading? put a guy out there in your face as howard said? >> he thinks that he can win. first of all it wouldn't look good if he backed down after what happened to susan rice and i think he thinks he can win this. and there are certain things about chuck hagel's resume that set with what he wants to do with defense. cutting defense spending, that sort of thing. it makes sense so he's going to stick with his pick. chris: is hagel, barack obama with a war record, is he really the guy that -- that obama has bee
of the rich. it is the party of lower taxes. but there are a lot of people who are lower down the food chain, the economic chain, also paying lots of taxes relative to their income. and they need help. we need more education work being done in this country. we need a solid immigration policy. we have to look at climate change there are a lot of things that the american people are expecting and the republican party, as they get ready for the next election, really has to focus on some of these issues and not ignore them. everybody wants to talk about who is going to be the candidate you better think first about what's the party actually going to represent? if it's just gonna represent the far right-wing of the political spec trouble, i think the party is in difficulty. i'm aed moderate but i'm still a republican, that's how i was raised. until i voted for mr. obama twice i voted for seven straight republican presidents. >> a couple of other foreign policy matters, what should the force, u.s. force in afghanistan look like after next year? >> i think the president's on track here. we've done by
. >> for decades we've been told don't tax the upper class because the less tax they have, the better it is for the middle class. true or false? >> false. the idea of the job creators belies -- the truth about the economy is the vast middle class, everybody is aspiring to join the middle class, they are the job creators because their spending creates jobs. >> we've been sold on this for years. >> i don't know why they've been sold on this. trickle-down economics, the idea if you give more tax breaks to people at the top and companies at the top, you're going to create jobs, has been proven over and over again to be false. >> some amazing insight. what's next for robert reich? he says if the president asks, he would go back to washington. as for now he loves teaching at cal and just released his latest book called "beyond outraged. "you can find the segment on nbcbayarea.com/the interview. >>> new details in the hostage standoff in algeria. the u.s. confirms one american worker at the natural gas complex is dead. the plant is located in northern africa in the sahara desert about 800 mi
tax increases for the wealthy, he got those. his party is united but he faces a very difficult environment in washington and immediately after this inauguration, he is back in the brew of a fight over the debt and the fight over the gun legislation that he wants so it's a pretty toxic atmosphere here. >> you covered both terms of the second bush -- of the bush administration. what is the hard reality of a second term for a president? >> time moves quickly. you feel good. you put in the people you want. you have a different attitude of what you can accomplish. you don't have to run. you don't have to campaign anymore, and realize the window is short. the president's got big goals whether it's energy, immigration and he's in the trench warfare yet with republicans with a series of big stand 1y5u6s coming up, starting with the debt ceiling. all of this about the budget which could quickly overtake the second term. >> david gregory, thanks very much. i want to let folks know, tomorrow morning on "meet the press," david will be joined by senator chuck schumer of new york, head of th
opportunity for us. because in our budget that we will pass, we will lift tax reform, which many of my republican colleagues liked, but it will include revenues. it's a great opportunity to get us more revenues to help in part deal with sequestration and deal with the issue of -- >> but senator schumer, the reality is the president is willing to throw the long ball on this big sunday of football, when it comes to gun control. and yet because of his view of republican recalcitrants, he doesn't step up and show real leadership and be proactive on a big spending cut proposal and medicare put proposal because he doesn't want to go there. why throw the long ball when it comes to gun control but not take a leadership role when it comes to spending cuts? >> well, he is. in the negotiations up to the fiscal cliff, the president put things on the table. $400 billion in medicare cuts. he was talking about change cpi, which -- >> you're talking about more revenue. that's not big enough on medicare cuts according to simpson-bowles and others. >> we have already done $1.7 trillion in cuts. we've do
enough money what you are losing in the 2% tax hike. >> very good tips. >> thanks. >> a bay area community gets a turn in the national spotlight. learn how a joke has sparked a facebook phenomenon. >> we are continuing to track the chill from the north bay to the south bay. current temperatures 48 in walnut creek and 50 in fremont. we have more on the frost advisory and freeze warning coming up. >> a new gel may help prepare damaged cartilage, helping you get back in the game. and may help to avoid certain surgeries. i will have it coming up. >>> the los angeles county coroner has revised the report for natalie woods, she had fresh bruises on her arm, wrist and neck that likely occurred before she drowned. they cannot tell whether they were made from an attempt to get back in the boat or from the dingy. >> president george h. w. bush is back home after a long stay in the houston area hospital. he had to stay longer than excepted to be treated for a cough. the 41st president is 88 years old. and this story making international headlines late this afternoon, lance armstrong has con
playing close to $300,000 in sales taxes. >>> students at university of vermont should not bring bottled water when they return to campus because the school banned its sale for environmental reasons. they are the largest public university to prohibit bottled water on campus. >>> to wall street, the dow opens at 13,507 after adding 18 yesterday. the s&p and nasdaq are both down. overseas the nikkei gained 77 points but the hang sell fell 31. nas dam and s&p slipped monday thanks to worries apple has gone sour. shares of the tech titan dipped below $500 for the first time in one year after reports the company cut orders for iphone parts due to weak demand. after the bell ben bernanke praised washington's fiscal cliff deal which he said probably would have caused a recession this year but cautioned, quote, we are not out of the woods yet. >>> a troubling new report finds more than one in four workers are dipping into retirement funds to keep up with their current bills. apparently folks in their 40s are most likely to do this. >>> some good news on the housing front. new numbers show home p
in tax dollars, next the alarming number of americans that are dipping into their retirement accounts to pay their bills and our interview with ann frank's stepsister, you will not want to miss it. >> we will see you then. >> and we have a high pressure system moving in. that is good news, right? >> i love that, sun issy kais from the high pressure system, wednesday, thursday and friday with mid 60s expected even by saturday, so, a warmup, that is what we are calling it the next couple of days. >> thanks for watching, we will see you at 6:00. >>> on the broadcast tonight, he did it. lance armstrong comes clean after years of denials. now the consequences for him, for the cancer charity he founded, even the future of his sport at the olympics. >>> late word on the action the president plans to take on gun control tomorrow. >>> fighting the flu. what are the real odds of getting sick after getting the flu shot, which in some places is getting a lot harder to find. >>> and cashing out. an alarming number of americans draining the money they were saving for retirement to pay the bills rig
to take a loan from a 401(k). >> reporter: loans that result in penalties, taxes, and lost interest. people in their 40s are most likely to borrow against their 401(k)s, but the financial pressure doesn't end there. another new study by aarp shows that the older you are, the higher your credit card debt. >> for the first time, people over age 50 are having more credit card debt, $2,000 more, than people who are younger. >> reporter: and that debt makes it more likely they'll borrow against their 401(k). it's a vicious cycle. how to avoid it? experts say you need a rainy day fund that's not your 401(k), and start saving separately for retirement in your 20s so you have at least a year's salary at 35, three years at 45, and by retirement at 67, you should have put away at least eight times your final salary. six years after tapping out their iras, they are both working, and once again saving for retirement. >> we worked very hard to get to where we are today. >> reporter: determined to enjoy their golden years after learning some hard lessons. chris jansing, nbc news, new york. >>> we
are subjected to armed guards at their school. mr. obama demands the wealthy pay their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and guns-free zones for ours. >> that's the ad. what do you think? we want to know. tweet us @earlytodaynbc. >> chuck hagel of nebraska may be getting closer to winning confirmation as defense secretary. he won the backing of two of the senate's strongest supporters of israel, senator chuck schumer are of new york and senator barbara boxer will vote to approve hagel. but senator inhofe says he and hagel have philosophical differences. >>> boeing's newest passenger jet the 787 dreamliner has been grounded by japan's leading airlines. it made an emergency landing in western japan. a cockpit message showed cockpit problems. japan airlines and all nip upon airways suspended all their dreamliner flights today. the faa says it's monitoring the incidents as part of a comprehensive review that the agency began last night. once safety checks are complete the planes could be back in the
kids are protected by armed guards in mr. obama demand s the wealthy pay their fair share of taxes but he is a elitist when it comes to security. protection for their kids and gun free zones for ours. >> gun control advocates say the nra is way out of line. and it may put the president's family in danger. >> i think they know full well that there's an element of the population that follows them that is very heavily armed. and you have to be very careful when you are putting out messages to a population that is heavily armed as some of these people are. kbr the head of the california republican party said a hard-hitting message is needed. he believes it is sparking a healthy discussion. >> i think the president has to be able to say to the american people why protection is needed for his had children in schools but not protection for other people's children. >> the white house responded swiftly saying that president's children should not be used as pawns in a political fight, the white house press secretary called the ad cowardly. reporting live in san francisco, jody hernandez, nbc
your taxes online, pick the best tax software available... with h&r block at home. this is power software created by the tax experts at h&r block. and only h&r block software backs you up with free audit support and in person representation from a tax professional. file for free now at hrblock.com. try our entrees, snacks and new salads. salmon with basil, garlic chicken spring rolls, and now salads, like asian-style chicken. enjoy over 130 tasty varieties, anytime. lean cuisine. be culinary chic. to say get well to your loved ones. ♪ this came for you, mommy. [ female announcer ] but it takes the touch of kleenex® brand, america's softest tissue, to turn a gesture into a complete gift of care. [ barks ] send your own free kleenex® care pack... full of soothing essentials at kleenex.com. kleenex®. america's softest tissue. >>> we are back now at 10 after 8 with today's professionals, here to break down the day's hottest headlines, star jones, donny deutsch, in for nancy, susie orman from cnbc's "the suze orman show." thank you, good morning. lance armstrong, tonight is the n
of the department, and the lack of resources, it was taxing for all of us. the beat officer that was responding and the investigators that went out from. >> the police say the mom has a criminal record, but would not offer any details about that in this case, she could face a false police report charge. >>> george, thank you. another story now, about a lie. tonight, lance armstrong's fall from grace entered a new chapter, admission for the first time, the world heard armstrong come clean, admitting to years of disception. it was gripping to watch this interview tonight. a lot of people are now asking what is his motivation in finally admitting the truth here? >> yeah, absolutely. he is one of the most famous athletes in the world and for millions an inspirational cancer survivor that built a movement around his comeback after beating the disease. armstrong admits that years of accusations against him are true. he lied. >> a one word answer. >> did you ever take banned substances to enhance your cycling performance in. >> yes. >> after years of denial, he admitted that he used performance-enhanc
on "the voice" -- >> we'll have more on that in a couple of moments. >>> coming up, the tax that is back, making paychecks smaller. >>> michelle obama celebrates her birthday and the president's upcoming inaugural with a brand new do. first this is "today" on nbc. >>> coming up, the ceo of the charity lance armstrong founded speaks out. >>> and a dog that looks like a simpson's character? we'll introduce you to tuna, after your local news. pleasures can simply hurt. the sadness, anxiety, the loss of interest. the fatigue and aches and pains. depression hurts. cymbalta can help with many symptoms of depression. tell your doctor right away if your depression worsens, you have unusual changes in behavior or thoughts of suicide. antidepressants can increase these in children, teens, and young adults. cymbalta is not for children under 18. people taking maois, linezolid or thioridazine or with uncontrolled glaucoma should not take cymbalta. taking it with nsaid pain relievers, aspirin, or blood thinners may increase bleeding risk. severe liver problems, some fatal, were reported. signs includ
taxes. i read the whole 900 pages. i will give you a tax and health care review. i can help you figure it out. ♪ can your moisturizer do that? [ female announcer ] dermatologist recommended aveeno has an oat formula, now proven to build a moisture reserve, so skin can replenish itself. that's healthy skin for life. only from aveeno. but add some sauce, pepperoni and cheese and fold up the crescent dough...and presto! tuesday night just became crescent pizza pocket-tastic pillsbury crescents. let the making begin here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your next dinner. pillsbury grands biscuits let the making begin. >>> still ahead, hunting for pythons in florida. but first these messages. ases, plus a 50% annual bonus. and everyone but her likes 50% more cash, but i have an idea. do you want a princess dress? yes. cupcakes? yes. do you want an etch-a-sketch? yes! do you want 50% more cash? no. you got talent. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every
to 6 inches. we'll get your local weather after this message. when you file your taxes. i read the whole 900 pages. it literally took me weeks. i will give you a tax and health care review. i know the law. i have the solution... and i can help you figure it out. we're going to see this through together. >> announcer: "today in the bay" weather is sponsored by bank of the west. >> 7:19 on wednesday morning. good morning. i'm christina loren. it's another cold start to the day. temperatures in the 20s and 30st. 28 in concord. 28 degrees in santa rosa to start. we are headed to the 60s. upper 50s bay side and at the coast today. we'll see temperatures climb as we progress through the end of the week. up to 68 degrees by the weekend. santa cruz getting warmer than that. mid 70s possible sunday. >>> and that's your latest forecast, guys. >> dylan, thank you very much. >>> crash course on what you should try to avoid touching as we enter the peak of this nasty flu season. >>> ryan seacrest up early, live in our studio. first, this is "today" on nbc. >>> coming up, one of the world's
&r block's second look, there's a lot of messed-up tax returns out there. people bring in old tax returns, and i'm like, "who did this to you?" you have a return. bring it in; i'll look at it for free. i'll go back three years. i'm going to get you every single deduction out there. get your free second look from h&r block now. >>> first lady, michelle obama, some shots from the last four years and her fashion wardrobe and the causes she has championed. she will continue to shape her legacy. here to discuss her influence and where that legacy may go, "new york times" correspondent and author of "the obama" jody cantor and it seems since the campaign trail in 2008, when we talk about michelle obama, for some reason, it seems to revert to fashion or what she is wearing or what she did with her hair. >> she has become almost a one-woman stimulus package for the american fashion industry. we haven't had a first lady since jacqueline kennedy who had such a following. she mixes the high and the low. she loves j. crew and the gap as much as she does narcico rodriguez. >> how important is that to
hospital gets property tax funds through voter-approved bonds, so it must follow the same public meeting laws as the city council. instead, leaders reportedly discussed the cuts behind closed doors without any public notice and did not hold a vote. when asked about the legality of this issue, a lawyer for the hospital told the tribune that public notice was not required. >>> researchers have an answer for pregnant women worried that getting the flu vaccine could put their babies at risk. it won't. it turns out the most dangerous course of action is not getting the flu shot. the study looked at more than 117,000 pregnancies in norway. it found that women who caught the flu while pregnant had almost twice the chance of miscarriage. even if women got the flu after getting vaccinated, they were much less likely to miscarry. >>> the big question, what will you be watching this sunday, the 49ers or the best surfers from around the world? surf's up and mavericks is on. half moon bay and pillar point getting ready for the biggest party in the past few years. jean elle joins us in half moon bay.
. do you know how much taxes i paid over the years. it's embarrassing. >> how do you see this whole sagaening? >> happy for everybody. happy for everybody. what i will do is i will stop bashing belize in my blog. my neighbors can have some peace and quiet. the guatemalan government can say -- thank god he doesn't want to stay here. america's happy, more tax dollars, it's the perfect solution. that will be the solution. >> you are convinced of it? >> you know, i haven't been wrong much about my life, you know. people who know me will say one thing, don't ever bet with this man. i don't like to lose money. i don't, and i'll bet you on this one. >> spoken like a gambler who might haven combo t eknown the . the question is whether john mcafee would ever be forced to sit face-to-face with homicide detectives. >> coming up -- >> if you want to make this a fall -- >> our strangen counter with the mysterious mr. mcafee is not over yet. wait until you hear what he's up to now and coming up next friday on "dateline," a whole new chapter in the comic book murder, volume 2. fun place, a comic b
's messed-up tax second look,there. er smart. people bring in old tax returns, and i'm like, "who did this to you?" don't worry, i'll fix it. i'll go back three years... and get you every single deduction out there. with fancy feast mornings gourmet cat food. (announcer) make mornings special, mornings are delicious protein rich entrees with garden veggies and egg. fancy feast mornings. the best ingredient is love. people have been daring them to clean up tough messes. [ phone ding! ] another dare. they're proving that viva doesn't play by the rules. dunk it again for the close-up. my fans think a paper towel can't handle this. ♪ that is tough when wet. at least the fame hasn't gone to their heads. [ peggy ] grab viva and break the rules on all your tough messes. the camera loves your mom. she's a natural. >>> u.s. presidents undoubtedly have one of most demanding jobs around. the "washington post" ran a sthier explained the stress -- story that explained the stress presidents face can make them age twice as fast. that makes you want to sign up for 2016. >> four years ago, look at w
forever. not really. you know what, there are all -- >> honey. taxes and herpes, you can count on, baby. >> forever. there are so many theory on why this didn't last. some are saying -- look at that face. some are saying she wanted more kids. he didn't. some say she wanted him to be around more, but he was doing his own thing. who knows? she has returned the $90,000 ring, and we'll all move on, allegedly. >> she's going to make some huge fat deal to do one of those major mega performance things in vegas. i heard a number like $100 million tossed around yesterday on the tv. >> are you kidding? >> let them come to you instead of you traveling. >> buy a house, get your kids in school, and you can live the life you want. >> what about the movies this weekend? what's doing well? >> "zero dark thirty." >> really? >> now that the buzz and jessica chastain will help. as far as talking purposes it's been out for a while, but it just opened up last week. it's a great film. well acted. everyone knows the story obviously of the capture of osama bin laden, but now it's a chance to go see it. >> do y
. a consumer advocacy group says if coca-cola is serious about helping reduce obesity it will stop soda taxes. good morning, mary. >> good morning to you, natalie. wall street is bracing for earnings season which begins in ernest this week. among the companies reporting six dow components. among those reporting a number of nation's big banks. ben bernanke adding his voice to the debate over the debt ceiling. he thinks congress should raise it. it doesn't mean the government will spend any more money, merely that it will pay the bills it's already incurred. >> all right. mary thompson of the new york stock exchange, thanks. for a look at what is trending, what has you talking online. go fish. less is more for this angler who doesn't bother with any fancy gear. >> oh, my gosh! oh! >> ouch. well, of course that big tarpon might think it was the one who scored the catch of the day. tommy lee jones cranky expression has gone viral. and a picture comparing him to grumpy cat, who must be thinking, finally, someone gets me. >>> stumping the kitty is not so easy not with kiddo the cat who has mastered
their fair share in taxes, but he's just another elitist hypocrite when it comes to fair share to security. protection for his kid and gun-free zones for ours. >> so the debate is that going too far? it's one thing to have your feelings about the second amendment and what that actually means, and it's another thing to drag the president's children into the debate. >> clearly, the president's kids are always a bigger target. >> no matter whether republican or democratic president. >> i still don't understand why there can't be a debate about the way we can still have weapons that are reasonable -- it shouldn't be about no guns or uzis. there's always talk about the slippery slope if you take away the uzi or ak, i know i'm not saying the right terms -- whatever those kind of guns are. >> assault rifles and machine guns. >> that somehow you won't be able to have a weapon to protect yourself in the home. i don't really get that. >> it's a huge debate. i believe in our constitution, i'm a huge constitutionalist, and i real you will believe everybody should have the right to bear arms. but when
Search Results 0 to 31 of about 32 (some duplicates have been removed)